Nasdaq Dorsey Wright

Call: Citigroup (C); Put: Alibaba Group Holding Ltd (BABA); Covered Write: Best Buy Co (BBY).

Daily Option Ideas for July 24, 2024

New Recommendations

Name	Option Symbol	Action	Stop Loss
Citigroup, Inc. - $63.74	O: 24J62.50D18	Buy the October 62.50 calls at 3.95	58.00

Follow Ups

Name	Option	Action
The Trade Desk Inc ( TTD)	Sep. 95.00 Calls	Stopped at 90.00 (CP: 90.37)
Alphabet Inc. Class A ( GOOGL)	Oct. 175.00 Calls	Stopped at 13.65 (CP: 8.60)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Alibaba Group Holding Ltd (China) ADR - $75.92	O: 24W80.00D15	Buy the November 80.00 puts at 7.65	82.00

Follow Up

Name	Option	Action
Caesars Entertainment Inc. ( CZR)	Sep. 40.00 Puts	Initiate an option stop loss of 4.20 (CP: 6.20)
Cognizant Technology Solutions ( CTSH)	Oct. 77.50 Puts	Initiate an option stop loss of 4.30 (CP: 6.30)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Best Buy Co., Inc. $ 88.95	O: 24J87.50D18	Oct. 87.50	5.55	$ 41,303.90	20.65%	23.75%	5.30%

Still Recommended

Name	Action
Abercrombie & Fitch Co. ( ANF) - 161.40	Sell the September 175.00 Calls.
Airbnb, Inc. Class A ( ABNB) - 148.75	Sell the October 155.00 Calls.
Sunrun Inc ( RUN) - 17.27	Sell the October 18.00 Calls.
Pan American Silver Corp ( PAAS) - 22.92	Sell the September 23.00 Calls.
Tapestry Inc. ( TPR) - 41.16	Sell the November 42.50 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
Vistra Corp ( VST - 80.07 )	October 90.00 covered write.

Back to report

DISCLOSURE

This report is for Internal Use Only and not for distribution to the public. While we make every effort to be free of errors in this report, it contains data obtained from other sources. We believe these sources to be reliable, but we cannot guarantee their accuracy. Investors who use options should read the Options Disclosure Document before making any particular investment decision. Officers or employees of this firm may now or in the future have a position in the stocks mentioned in this report. Dorsey, Wright is a Registered Investment Advisor with the U.S. Securities & Exchange Commission. Copies of Form ADV Part II are available upon request.

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